Telecom Italia upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Telecom Italia (TIIAY) to Overweight from Equal Weight with a price target of EUR 0.32, down from EUR 0.38. Investing in high quality or momentum is typically the best route in European telecoms, the analyst tells investors in a research note. The firm says this is set to continue in 2025, but that potential consolidation means exposure to “recovery” names also makes sense. It adjusted ratings as part of a 2025 outlook.